The global Licorice Extract Powder Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Form (Powder, Liquid), By Distribution Channel (Direct Sales, Online, Brick-and-Mortar Retail), By Application (Food and Beverages, Pharmaceuticals, Personal Care)
The licorice extract powder market in 2024 is experiencing significant growth, driven by the increasing demand for natural sweeteners and health supplements. Licorice extract powder, derived from the root of the Glycyrrhiza glabra plant, is renowned for its sweet flavor and potential health benefits, including anti-inflammatory, antiviral, and digestive properties. The market benefits from the rising consumer preference for natural and plant-based ingredients in food, beverages, and dietary supplements. Innovations in extraction techniques have improved the purity and potency of licorice extract powder, expanding its application in the pharmaceutical, cosmetic, and confectionery industries. Additionally, the growing trend towards herbal and traditional remedies supports its adoption. As consumers continue to seek natural and healthful ingredients, the demand for licorice extract powder is poised for robust growth.
The market report analyses the leading companies in the industry including Aushadhi Herbal, FC Licorice Ltd, MAFCO Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd, Norevo GmbH, Nutra Green Biotechnology Co. Ltd, Ransom Naturals Ltd, Sepidan Osareh Jonoob Co., VPL Chemicals Pvt. Ltd, Zagros Licorice Co., and Others.
A prominent trend in the licorice extract powder market is the growing demand for natural and functional ingredients in various industries. As consumers increasingly prioritize health and wellness, there's a rising interest in products that offer natural and plant-based solutions to address specific health concerns. Licorice extract powder, derived from the roots of the licorice plant, is valued for its various health-promoting properties, including anti-inflammatory, antioxidant, and antimicrobial effects. This trend is driven by factors such as increasing consumer awareness of the benefits of botanical extracts and herbal remedies, the preference for clean label and transparent ingredient lists, and the growing adoption of natural ingredients in food, beverage, pharmaceutical, and personal care products. Additionally, the versatility of licorice extract powder as a flavoring agent, sweetener, and functional ingredient in a wide range of applications further contributes to its popularity among manufacturers seeking to meet consumer demand for natural and functional products. As the demand for natural and functional ingredients continues to rise, driven by consumer interest in holistic health and well-being, the market for licorice extract powder is expected to grow, driving market expansion and innovation in licorice-based products.
An essential driver fueling the licorice extract powder market is the increasing awareness of its health benefits and therapeutic uses among consumers, healthcare professionals, and manufacturers. Licorice extract powder has been used for centuries in traditional medicine systems, such as Ayurveda and Traditional Chinese Medicine, for its medicinal properties and therapeutic effects on various health conditions. This driver is reinforced by factors such as scientific research and clinical studies validating the health benefits of licorice extract powder, including its anti-inflammatory and immune-boosting properties, its ability to soothe digestive issues and respiratory ailments, and its potential applications in skincare and oral care products. Additionally, the endorsement of licorice extract powder by healthcare practitioners and alternative medicine practitioners as a natural remedy for common health concerns further drives consumer interest and market demand. As consumers seek out natural alternatives to conventional pharmaceuticals and over-the-counter medications, the demand for licorice extract powder as a natural and effective health supplement is expected to increase, driving market growth and adoption of licorice-based products.
A significant opportunity within the licorice extract powder market lies in the expansion into functional food and beverage formulations to capitalize on its health-promoting properties and enhance the nutritional profile of products. Beyond its traditional uses in supplements and herbal remedies, licorice extract powder offers opportunities for innovation in the development of functional food and beverage products targeting specific health concerns and consumer demographics. This opportunity encompasses the incorporation of licorice extract powder into functional beverages such as teas, juices, and energy drinks, offering consumers a convenient and enjoyable way to incorporate the health benefits of licorice into their daily diet. Additionally, there's an opportunity to explore novel applications of licorice extract powder in functional food products such as snack bars, granola, and confectionery items, providing consumers with nutritious and functional alternatives to traditional indulgences. By expanding into functional food and beverage formulations, manufacturers can tap into growing consumer demand for convenient and health-promoting products, differentiate their offerings in the competitive landscape, and capitalize on opportunities to address emerging health trends and dietary preferences. As consumer interest in functional foods and beverages continues to rise, driven by factors such as health consciousness, convenience, and the pursuit of personalized nutrition solutions, the market for licorice extract powder presents significant opportunities for innovation, product development, and market expansion in functional and health-oriented food and beverage categories.
The powder segment is the largest segment in the licorice extract market due to its versatility, ease of use, and broader applications across various industries. Licorice extract powder offers a concentrated form of the bioactive compounds found in licorice root, making it a preferred choice for manufacturers in the food and beverage, pharmaceutical, and cosmetic industries. Powdered licorice extract is easily soluble and can be seamlessly incorporated into a wide range of formulations, including confectionery, herbal supplements, teas, skincare products, and herbal remedies. Further, the powdered form of licorice extract offers extended shelf life and easier storage compared to liquid extracts, further contributing to its widespread adoption. With its adaptability and suitability for diverse applications, the powder segment maintains its dominance in the licorice extract market, serving as a key ingredient in various products worldwide.
The online segment is the fastest-growing segment in the licorice extract powder market, driven by the convenience, accessibility, and expansive product offerings available through e-commerce platforms. Online distribution channels provide consumers with a seamless shopping experience, allowing them to browse, compare, and purchase licorice extract powder from the comfort of their homes. Further, the increasing penetration of internet and smartphone usage, coupled with the growing preference for online shopping, particularly amid the COVID-19 pandemic, has accelerated the shift towards online distribution channels for herbal and natural products. Additionally, online retailers often offer a wider selection of licorice extract powder products, competitive pricing, and convenient delivery options, enhancing the overall shopping experience for consumers. As consumers seek convenience and variety in their purchasing decisions, the online distribution channel is poised to sustain its rapid growth trajectory, reshaping the licorice extract powder market and driving market expansion.
The pharmaceuticals segment is the largest segment in the licorice extract powder market due to the extensive use of licorice extract in pharmaceutical formulations for its medicinal properties and therapeutic benefits. Licorice extract powder contains bioactive compounds such as glycyrrhizin, flavonoids, and polyphenols, which exhibit anti-inflammatory, antimicrobial, and antioxidant properties, making it a valuable ingredient in pharmaceutical preparations. Licorice extract is utilized in various medicinal products for its potential to alleviate respiratory conditions, digestive disorders, skin ailments, and other health issues. Further, licorice extract powder is also utilized in traditional medicine systems worldwide for its immune-boosting and wellness-promoting properties. With its wide-ranging applications and proven efficacy in pharmaceutical formulations, the pharmaceuticals segment dominates the licorice extract powder market, driving significant demand for this versatile ingredient in the healthcare industry.
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Aushadhi Herbal
FC Licorice Ltd
MAFCO Worldwide LLC
Maruzen Pharmaceuticals Co. Ltd
Norevo GmbH
Nutra Green Biotechnology Co. Ltd
Ransom Naturals Ltd
Sepidan Osareh Jonoob Co.
VPL Chemicals Pvt. Ltd
Zagros Licorice Co.
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Licorice Extract Powder Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Licorice Extract Powder Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Licorice Extract Powder Market Share by Company, 2023
4.1.2. Product Offerings of Leading Licorice Extract Powder Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Licorice Extract Powder Market Drivers
6.2. Licorice Extract Powder Market Challenges
6.6. Licorice Extract Powder Market Opportunities
6.4. Licorice Extract Powder Market Trends
Chapter 7. Global Licorice Extract Powder Market Outlook Trends
7.1. Global Licorice Extract Powder Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Licorice Extract Powder Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Licorice Extract Powder Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Chapter 8. Global Licorice Extract Powder Regional Analysis and Outlook
8.1. Global Licorice Extract Powder Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Licorice Extract Powder Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Licorice Extract Powder Regional Analysis and Outlook
8.2.2. Canada Licorice Extract Powder Regional Analysis and Outlook
8.2.3. Mexico Licorice Extract Powder Regional Analysis and Outlook
8.3. Europe Licorice Extract Powder Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Licorice Extract Powder Regional Analysis and Outlook
8.3.2. France Licorice Extract Powder Regional Analysis and Outlook
8.3.3. United Kingdom Licorice Extract Powder Regional Analysis and Outlook
8.3.4. Spain Licorice Extract Powder Regional Analysis and Outlook
8.3.5. Italy Licorice Extract Powder Regional Analysis and Outlook
8.3.6. Russia Licorice Extract Powder Regional Analysis and Outlook
8.3.7. Rest of Europe Licorice Extract Powder Regional Analysis and Outlook
8.4. Asia Pacific Licorice Extract Powder Revenue (USD Million) by Country (2021-2032)
8.4.1. China Licorice Extract Powder Regional Analysis and Outlook
8.4.2. Japan Licorice Extract Powder Regional Analysis and Outlook
8.4.3. India Licorice Extract Powder Regional Analysis and Outlook
8.4.4. South Korea Licorice Extract Powder Regional Analysis and Outlook
8.4.5. Australia Licorice Extract Powder Regional Analysis and Outlook
8.4.6. South East Asia Licorice Extract Powder Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Licorice Extract Powder Regional Analysis and Outlook
8.5. South America Licorice Extract Powder Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Licorice Extract Powder Regional Analysis and Outlook
8.5.2. Argentina Licorice Extract Powder Regional Analysis and Outlook
8.5.3. Rest of South America Licorice Extract Powder Regional Analysis and Outlook
8.6. Middle East and Africa Licorice Extract Powder Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Licorice Extract Powder Regional Analysis and Outlook
8.6.2. Africa Licorice Extract Powder Regional Analysis and Outlook
Chapter 9. North America Licorice Extract Powder Analysis and Outlook
9.1. North America Licorice Extract Powder Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Licorice Extract Powder Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Licorice Extract Powder Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Licorice Extract Powder Revenue (USD Million) by Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Chapter 10. Europe Licorice Extract Powder Analysis and Outlook
10.1. Europe Licorice Extract Powder Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Licorice Extract Powder Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Licorice Extract Powder Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Licorice Extract Powder Revenue (USD Million) by Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Chapter 11. Asia Pacific Licorice Extract Powder Analysis and Outlook
11.1. Asia Pacific Licorice Extract Powder Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Licorice Extract Powder Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Licorice Extract Powder Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Licorice Extract Powder Revenue (USD Million) by Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Chapter 12. South America Licorice Extract Powder Analysis and Outlook
12.1. South America Licorice Extract Powder Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Licorice Extract Powder Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Licorice Extract Powder Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Licorice Extract Powder Revenue (USD Million) by Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Chapter 13. Middle East and Africa Licorice Extract Powder Analysis and Outlook
13.1. Middle East and Africa Licorice Extract Powder Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Licorice Extract Powder Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Licorice Extract Powder Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Licorice Extract Powder Revenue (USD Million) by Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Chapter 14. Licorice Extract Powder Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
Aushadhi Herbal
FC Licorice Ltd
MAFCO Worldwide LLC
Maruzen Pharmaceuticals Co. Ltd
Norevo GmbH
Nutra Green Biotechnology Co. Ltd
Ransom Naturals Ltd
Sepidan Osareh Jonoob Co.
VPL Chemicals Pvt. Ltd
Zagros Licorice Co.
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Licorice Extract Powder Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Licorice Extract Powder Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Licorice Extract Powder Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Licorice Extract Powder Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Licorice Extract Powder Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Licorice Extract Powder Market Share (%) By Regions (2021-2032)
Table 12 North America Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Table 15 South America Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Table 17 North America Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Table 18 North America Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Table 19 North America Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Table 26 South America Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Table 27 South America Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Table 28 South America Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Licorice Extract Powder Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Licorice Extract Powder Market Share (%) By Regions (2023)
Figure 6. North America Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 12. France Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 12. China Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 14. India Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Licorice Extract Powder Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Licorice Extract Powder Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Licorice Extract Powder Revenue (USD Million) By Product (2021-2032)
By Form
Powder
Liquid
By Distribution Channel
Direct Sales
Online
Brick-and-Mortar Retail
By Application
Food and Beverages
Pharmaceuticals
Personal Care
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Licorice Extract Powder Market Size is valued at $2.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.1% to reach $3.3 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aushadhi Herbal, FC Licorice Ltd, MAFCO Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd, Norevo GmbH, Nutra Green Biotechnology Co. Ltd, Ransom Naturals Ltd, Sepidan Osareh Jonoob Co., VPL Chemicals Pvt. Ltd, Zagros Licorice Co.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume